CARRIER GLOBAL CORP (CARR) Fundamental Analysis & Valuation

NYSE:CARR • US14448C1045

60.4 USD
-0.68 (-1.11%)
At close: Mar 5, 2026
61.08 USD
+0.68 (+1.13%)
After Hours: 3/5/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This CARR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, CARR scores 3 out of 10 in our fundamental rating. CARR was compared to 42 industry peers in the Building Products industry. CARR has a bad profitability rating. Also its financial health evaluation is rather negative. CARR is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. CARR Profitability Analysis

1.1 Basic Checks

  • CARR had positive earnings in the past year.
  • In the past year CARR had a positive cash flow from operations.
  • Each year in the past 5 years CARR has been profitable.
  • CARR had a positive operating cash flow in each of the past 5 years.
CARR Yearly Net Income VS EBIT VS OCF VS FCFCARR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • CARR's Return On Assets of 3.99% is in line compared to the rest of the industry. CARR outperforms 47.62% of its industry peers.
  • CARR has a Return On Equity (10.75%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.06%, CARR is doing worse than 69.05% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for CARR is significantly below the industry average of 11.86%.
Industry RankSector Rank
ROA 3.99%
ROE 10.75%
ROIC 5.06%
ROA(3y)7.69%
ROA(5y)8.6%
ROE(3y)22.03%
ROE(5y)27.25%
ROIC(3y)5.56%
ROIC(5y)8.12%
CARR Yearly ROA, ROE, ROICCARR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • The Profit Margin of CARR (6.82%) is comparable to the rest of the industry.
  • CARR's Profit Margin has declined in the last couple of years.
  • CARR has a Operating Margin (10.01%) which is in line with its industry peers.
  • CARR's Operating Margin has declined in the last couple of years.
  • CARR has a worse Gross Margin (26.05%) than 64.29% of its industry peers.
  • In the last couple of years the Gross Margin of CARR has declined.
Industry RankSector Rank
OM 10.01%
PM (TTM) 6.82%
GM 26.05%
OM growth 3Y-22.02%
OM growth 5Y-1.52%
PM growth 3Y-26.67%
PM growth 5Y-9.68%
GM growth 3Y-0.94%
GM growth 5Y-2.38%
CARR Yearly Profit, Operating, Gross MarginsCARR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. CARR Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CARR is destroying value.
  • The number of shares outstanding for CARR has been reduced compared to 1 year ago.
  • CARR has less shares outstanding than it did 5 years ago.
  • CARR has a better debt/assets ratio than last year.
CARR Yearly Shares OutstandingCARR Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
CARR Yearly Total Debt VS Total AssetsCARR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • CARR has an Altman-Z score of 2.59. This is not the best score and indicates that CARR is in the grey zone with still only limited risk for bankruptcy at the moment.
  • CARR has a worse Altman-Z score (2.59) than 61.90% of its industry peers.
  • The Debt to FCF ratio of CARR is 5.65, which is a neutral value as it means it would take CARR, 5.65 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of CARR (5.65) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.82 indicates that CARR is somewhat dependend on debt financing.
  • CARR's Debt to Equity ratio of 0.82 is on the low side compared to the rest of the industry. CARR is outperformed by 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 5.65
Altman-Z 2.59
ROIC/WACC0.6
WACC8.45%
CARR Yearly LT Debt VS Equity VS FCFCARR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.3 Liquidity

  • CARR has a Current Ratio of 1.20. This is a normal value and indicates that CARR is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of CARR (1.20) is worse than 88.10% of its industry peers.
  • CARR has a Quick Ratio of 1.20. This is a bad value and indicates that CARR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.85, CARR is doing worse than 80.95% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 0.85
CARR Yearly Current Assets VS Current LiabilitesCARR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. CARR Growth Analysis

3.1 Past

  • The earnings per share for CARR have decreased by -7.86% in the last year.
  • CARR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.22% yearly.
  • The Revenue for CARR has decreased by -24.14% in the past year. This is quite bad
  • Measured over the past years, CARR shows a small growth in Revenue. The Revenue has been growing by 4.49% on average per year.
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
Revenue 1Y (TTM)-24.14%
Revenue growth 3Y2.12%
Revenue growth 5Y4.49%
Sales Q2Q%-6.04%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.99% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.95% on average over the next years.
EPS Next Y15.25%
EPS Next 2Y13.7%
EPS Next 3Y14.03%
EPS Next 5Y15.99%
Revenue Next Year0.79%
Revenue Next 2Y2.99%
Revenue Next 3Y3.93%
Revenue Next 5Y6.95%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CARR Yearly Revenue VS EstimatesCARR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
CARR Yearly EPS VS EstimatesCARR Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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Find the best growth stocksShow best growing peers

2

4. CARR Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 23.41, CARR is valued on the expensive side.
  • The rest of the industry has a similar Price/Earnings ratio as CARR.
  • The average S&P500 Price/Earnings ratio is at 26.74. CARR is around the same levels.
  • With a Price/Forward Earnings ratio of 20.31, CARR is valued on the expensive side.
  • CARR's Price/Forward Earnings ratio is in line with the industry average.
  • CARR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.82, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 23.41
Fwd PE 20.31
CARR Price Earnings VS Forward Price EarningsCARR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • CARR's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CARR is more expensive than 61.90% of the companies in the same industry.
  • CARR's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 24.09
EV/EBITDA 17.78
CARR Per share dataCARR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • CARR's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • CARR's earnings are expected to grow with 14.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.53
PEG (5Y)2.54
EPS Next 2Y13.7%
EPS Next 3Y14.03%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. CARR Dividend Analysis

5.1 Amount

  • CARR has a Yearly Dividend Yield of 1.53%. Purely for dividend investing, there may be better candidates out there.
  • CARR's Dividend Yield is rather good when compared to the industry average which is at 0.66. CARR pays more dividend than 85.71% of the companies in the same industry.
  • CARR's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.53%

5.2 History

  • CARR has been paying a dividend for over 5 years, so it has already some track record.
  • CARR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
CARR Yearly Dividends per shareCARR Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • CARR pays out 52.02% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP52.02%
EPS Next 2Y13.7%
EPS Next 3Y14.03%
CARR Yearly Income VS Free CF VS DividendCARR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
CARR Dividend Payout.CARR Dividend Payout, showing the Payout Ratio.CARR Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

CARR Fundamentals: All Metrics, Ratios and Statistics

CARRIER GLOBAL CORP

NYSE:CARR (3/5/2026, 8:04:00 PM)

After market: 61.08 +0.68 (+1.13%)

60.4

-0.68 (-1.11%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners87.14%
Inst Owner Change-4.04%
Ins Owners6.1%
Ins Owner Change10.19%
Market Cap50.48B
Revenue(TTM)21.75B
Net Income(TTM)1.48B
Analysts78.06
Price Target73.49 (21.67%)
Short Float %2.38%
Short Ratio2.53
Dividend
Industry RankSector Rank
Dividend Yield 1.53%
Yearly Dividend0.9
Dividend Growth(5Y)N/A
DP52.02%
Div Incr Years4
Div Non Decr Years4
Ex-Date01-20
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.47%
Min EPS beat(2)-10.37%
Max EPS beat(2)15.31%
EPS beat(4)2
Avg EPS beat(4)3.43%
Min EPS beat(4)-10.37%
Max EPS beat(4)15.31%
EPS beat(8)5
Avg EPS beat(8)4.01%
EPS beat(12)9
Avg EPS beat(12)4.17%
EPS beat(16)12
Avg EPS beat(16)4.81%
Revenue beat(2)0
Avg Revenue beat(2)-3.44%
Min Revenue beat(2)-5.05%
Max Revenue beat(2)-1.83%
Revenue beat(4)0
Avg Revenue beat(4)-2.46%
Min Revenue beat(4)-5.05%
Max Revenue beat(4)-1.31%
Revenue beat(8)0
Avg Revenue beat(8)-4.11%
Revenue beat(12)2
Avg Revenue beat(12)-3.21%
Revenue beat(16)3
Avg Revenue beat(16)-2.61%
PT rev (1m)1.56%
PT rev (3m)-0.84%
EPS NQ rev (1m)-8.19%
EPS NQ rev (3m)-13.85%
EPS NY rev (1m)-1.15%
EPS NY rev (3m)-3.82%
Revenue NQ rev (1m)-2.72%
Revenue NQ rev (3m)-3.84%
Revenue NY rev (1m)-2.32%
Revenue NY rev (3m)-3.84%
Valuation
Industry RankSector Rank
PE 23.41
Fwd PE 20.31
P/S 2.32
P/FCF 24.09
P/OCF 20.29
P/B 3.66
P/tB N/A
EV/EBITDA 17.78
EPS(TTM)2.58
EY4.27%
EPS(NY)2.97
Fwd EY4.92%
FCF(TTM)2.51
FCFY4.15%
OCF(TTM)2.98
OCFY4.93%
SpS26.02
BVpS16.52
TBVpS-9.6
PEG (NY)1.53
PEG (5Y)2.54
Graham Number30.96
Profitability
Industry RankSector Rank
ROA 3.99%
ROE 10.75%
ROCE 7.24%
ROIC 5.06%
ROICexc 5.34%
ROICexgc 22.75%
OM 10.01%
PM (TTM) 6.82%
GM 26.05%
FCFM 9.64%
ROA(3y)7.69%
ROA(5y)8.6%
ROE(3y)22.03%
ROE(5y)27.25%
ROIC(3y)5.56%
ROIC(5y)8.12%
ROICexc(3y)7.22%
ROICexc(5y)10.08%
ROICexgc(3y)26.77%
ROICexgc(5y)32.8%
ROCE(3y)7.94%
ROCE(5y)11.6%
ROICexgc growth 3Y-26.73%
ROICexgc growth 5Y-0.37%
ROICexc growth 3Y-33.6%
ROICexc growth 5Y-7.35%
OM growth 3Y-22.02%
OM growth 5Y-1.52%
PM growth 3Y-26.67%
PM growth 5Y-9.68%
GM growth 3Y-0.94%
GM growth 5Y-2.38%
F-Score4
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 5.65
Debt/EBITDA 3.29
Cap/Depr 30.77%
Cap/Sales 1.8%
Interest Coverage 5.16
Cash Conversion 72.12%
Profit Quality 141.24%
Current Ratio 1.2
Quick Ratio 0.85
Altman-Z 2.59
F-Score4
WACC8.45%
ROIC/WACC0.6
Cap/Depr(3y)54.1%
Cap/Depr(5y)71.4%
Cap/Sales(3y)2.14%
Cap/Sales(5y)1.96%
Profit Quality(3y)100.42%
Profit Quality(5y)90.87%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
EPS Next Y15.25%
EPS Next 2Y13.7%
EPS Next 3Y14.03%
EPS Next 5Y15.99%
Revenue 1Y (TTM)-24.14%
Revenue growth 3Y2.12%
Revenue growth 5Y4.49%
Sales Q2Q%-6.04%
Revenue Next Year0.79%
Revenue Next 2Y2.99%
Revenue Next 3Y3.93%
Revenue Next 5Y6.95%
EBIT growth 1Y-13.55%
EBIT growth 3Y-20.37%
EBIT growth 5Y2.91%
EBIT Next Year27.17%
EBIT Next 3Y15.42%
EBIT Next 5YN/A
FCF growth 1Y475.82%
FCF growth 3Y14.67%
FCF growth 5Y8.72%
OCF growth 1Y181.77%
OCF growth 3Y12.59%
OCF growth 5Y8.02%

CARRIER GLOBAL CORP / CARR FAQ

Can you provide the ChartMill fundamental rating for CARRIER GLOBAL CORP?

ChartMill assigns a fundamental rating of 3 / 10 to CARR.


Can you provide the valuation status for CARRIER GLOBAL CORP?

ChartMill assigns a valuation rating of 2 / 10 to CARRIER GLOBAL CORP (CARR). This can be considered as Overvalued.


How profitable is CARRIER GLOBAL CORP (CARR) stock?

CARRIER GLOBAL CORP (CARR) has a profitability rating of 3 / 10.


What is the financial health of CARRIER GLOBAL CORP (CARR) stock?

The financial health rating of CARRIER GLOBAL CORP (CARR) is 3 / 10.


How sustainable is the dividend of CARRIER GLOBAL CORP (CARR) stock?

The dividend rating of CARRIER GLOBAL CORP (CARR) is 4 / 10 and the dividend payout ratio is 52.02%.